OKI (TOKYO:6703) today announced the delivery to Travelex Japan, one of
the largest stores specializing in currency exchange, of its RG7
Currency Exchanger, a currency exchange machine capable of
simultaneously recycling deposits and withdrawals between Japanese yen
and multiple foreign currencies. Travelex plans to start operations
early February. OKI anticipates sales of more than 100 units to Travelex
Japan over the next three years.

Travelex Japan was established in March 2003 as part of the Travelex
Group, which operates a network of 1,100 locations at international
airports and major cities in more than 25 countries. The company
currently operates more than 70 stores in Japan, with more to come. To
make it faster and more convenient to exchange currency and thereby
attract more customers, Travelex Japan had explored the idea of
introducing an automated currency exchange machine that quickly and
conveniently exchanges multiple currencies and denominations without
requiring customers to queue up at currency exchange counters.

Currency exchange counters serve individuals with diverse needs,
including customers who are in no particular rush and require a clerk to
provide information on amounts and denominations and customers who
simply want the fastest transaction possible. Conventional manned
exchange counters often lose business opportunities with the latter
group.

By giving customers a choice between immediate service and consultations
with clerks, the RG7 Currency Exchanger responds to this range of
customer needs, boosting customer convenience and adding to sales leads
by capturing opportunities that would otherwise be lost. The device also
accelerates the pace of transactions and reduces errors attributable to
manual operations.

By introducing the RG7 Currency Exchanger to Travelex Japan, OKI is
automating exchange tasks that used to be handled manually. This
enhances customer service and accelerates the pace of foreign currency
exchange transactions. Beyond this proposal, Travelex Japan has given
high marks to the fast-selling ATM-Recycler G7, the developmental basis
for the RG7 Currency Exchanger, as well as the reliability provided by
OKI in the Japanese ATM market.

CIO, CTO & Developer Resources

Moving forward, in addition to future sales of the RG7 Currency Exchange
to Travelex Japan, OKI plans to expand sales of its RG7 Currency
Exchanger to the Travelex Group's overseas locations.

About OKI Electric Industry (OKI)Founded in 1881,
OKI Electric Industry is Japan's leading telecommunications manufacturer
in the info-telecom field. Headquartered in Tokyo, Japan, OKI provides
top-quality products, technologies, and solutions to customers through
its info-telecom systems and printer operations. Its various business
divisions function synergistically to bring to market exciting new
products and technologies that meet a wide range of customer needs in
various sectors. Visit OKI's global website at http://www.oki.com/.

Notes:

The names of the companies and products mentioned in this document are
the trademarks or registered trademarks of the respective companies
and organizations.

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